Ripple to buy stablecoin platform Rail for $200 million
Ripple will buy stablecoin payments platform Rail for $200 million, the company said on Thursday, weeks after U.S. President Donald Trump signed a law that raised expectations cryptocurrency tokens are about to enter the mainstream.
Ripple, a crypto company that is closely associated with the token XRP and issues its own stablecoin called RLUSD, has invested heavily in stablecoin infrastructure in recent months.
